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EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Shopify's Enterprise Value is $147,047 Mil.
Shopify's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $2,105 Mil. Therefore, Shopify's EV-to-EBIT for today is 69.86.
The historical rank and industry rank for Shopify's EV-to-EBIT or its related term are showing as below:
SHOP'
s EV-to-EBIT Range Over the Past 10 Years
Min: -1270.21 Med: -74.71 Max: 1592.4
Current: 69.86
During the past 13 years, the highest EV-to-EBIT of Shopify was 1592.40. The lowest was -1270.21. And the median was -74.71.
SHOP's EV-to-EBIT is ranked worse than 89.44% of 1770
companies
in the Software industry
Industry Median: 14.14
vs SHOP: 69.86
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Shopify's Enterprise Value for the quarter that ended in Mar. 2026 was $148,734 Mil.
Shopify's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,105 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Shopify EV-to-EBIT Related Terms
Shopify EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Shopify's EV-to-EBIT can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, Shopify's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Shopify EV-to-EBIT vs Software Industry
For the Software industry and Technology sector, Shopify's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Shopify's EV-to-EBIT falls into.
Shopify's current Enterprise Value is $147,047 Mil.
Shopify's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,105 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Shopify (SHOP) has a EV-to-EBIT of 69.86 as of Jul. 22, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Shopify and its competitors. According to the industry distribution chart, Shopify ranks #1583 out of 1770 companies in the Software industry, placing it in the top 89.4%.
Is Shopify's EV-to-EBIT too high?
Shopify's current EV-to-EBIT is 69.86. The Software industry median EV-to-EBIT is 14.14. Shopify's value of 69.86 is 394.1% above this industry median. Based on the distribution chart, Shopify ranks #1583 out of 1770 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Shopify has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shopify's EV-to-EBIT compare to UBER and CRM?
According to the Software industry distribution chart, Shopify ranks #1583 out of 1770 companies for EV-to-EBIT. This places Shopify in the lower half of its industry. The industry median EV-to-EBIT is 14.14. Shopify's value of 69.86 is 394.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Software company?
The median EV-to-EBIT among Software companies is 14.14, based on 1,770 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shopify's current EV-to-EBIT of 69.86 is 394.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Shopify and its competitors. For the Software industry, the median EV-to-EBIT is 14.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shopify's current EV-to-EBIT is 69.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shopify stock overvalued right now?
Based on GuruFocus' analysis, Shopify (SHOP) is currently considered Modestly Undervalued. The stock's GF Value™ is $145.19, compared to a current price of $117.61 — trading 19% below its estimated fair value. The current EV-to-EBIT is 69.86 and 394.1% above the Software industry median of 14.14. Shopify's overall GF Score™ is 85/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Shopify (SHOP), the current EV-to-EBIT is 69.86 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Shopify (SHOP) Overvalued in 2026?
Based on GuruFocus' analysis, Shopify stock appears to be undervalued.
The current stock price of $117.61 is trading 19% below its estimated GF Value™ of $145.19.
GuruFocus considers Shopify to be Modestly Undervalued.
Key valuation signals for SHOP:
EV-to-EBIT: 69.86
GF Value™: $145.19 vs. price of $117.61 (19% below fair value)
Industry Position: 394.1% above the Software median (#1583 of 1770)
No single metric tells the full story. See the SHOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
85GF Score
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EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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